XRP Charts Telling A Tale: Q4 Setup Mirrors 2017 Bullish Breakout, Time To Buy?

XRP may be quietly setting the stage for another major ￰0￱ chart patterns and market behavior show striking similarities to its 2017 accumulation phase, a period that preceded a massive parabolic ￰1￱ Q4 unfolds, technical indicators and Bitcoin dominance data hint that the long-awaited bullish setup could still be in play. Q4 Move Still Possible: XRP’s Bullish Potential Isn’t Gone Yet Crypto analyst CoinsKid recently shared an update confirming that the highly anticipated Q4 move for XRP is still a potential ￰2￱ optimistic outlook is heavily underpinned by the current data observed on the Bitcoin Dominance (BTC. D) chart, which the analyst views as a crucial barometer for altcoin ￰3￱ BTC.

D shows weakness, capital typically flows into assets like XRP, supporting the potential for a significant surge in the coming ￰4￱ Reading: XRP Open Interest Crashes 50% Over The Weekend, What Does This Mean For Price? However, CoinsKid pointed out that the recent loss of the $1.90 low last Friday introduced what he described as a structural anomaly into the ￰5￱ development adds a layer of uncertainty to XRP’s short-term outlook, even as the broader setup continues to show ￰6￱ further explained that for this bullish scenario to remain valid, Bitcoin dominance must stay below its 5-day resistance level on the ￰7￱ the same time, XRP needs to hold above its own 5-day CoinskidRibbon as ￰8￱ Blueprint In Motion: XRP Mirrors Its 2017 Setup EᴛʜᴇʀNᴀꜱʏᴏɴᴀL, in a recent update, highlighted that XRP is currently positioned within a major accumulation area, signaling that a crucial phase may be unfolding for the ￰9￱ to the analyst, the current market structure strongly mirrors the early stages of a Wyckoff accumulation pattern, a technical formation that often precedes large-scale bullish ￰10￱ Reading: XRP Bull Run Reloaded: Analyst Says Momentum Mirrors 2017’s Explosive Rally The Wyckoff method identifies this accumulation phase as a period where smart money quietly builds positions while the price remains ￰11￱ typically occurs after extended declines, setting the stage for a powerful reversal once the market confirms ￰12￱ a technical perspective, this accumulation structure indicates growing pressure beneath key support zones, which often leads to a strong bullish cycle once a breakout ￰13￱ repeated testing of support levels, combined with diminishing selling volume, strengthens the case for a potential upside breakout in the near term.

EᴛʜᴇʀNᴀꜱʏᴏɴᴀL also drew parallels to XRP’s behavior in the 2017 cycle, when a similar accumulation phase preceded one of the asset’s most explosive rallies, with XRP climbing all the way to the distribution zone, where profits were eventually ￰14￱ history repeats, the altcoin could once again be on the verge of a powerful upward ￰15￱ image from iStock, chart from ￰16￱